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3730 Patrick Way
Elizabeth City, NC 27909

$3,125,000 USD

Fast Food For Sale  •  2,325 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,325 SF
  • Lot Size 0.77 AC
  • Building Class B
  • Year Built 2024
  • Cap Rate 5.20 %
  • Tenancy Single
0 Transit Score
31 Walk Score

Highlights

2024 brand new construction | Fresh 15-year lease
Corporate guaranteed lease | Chipotle Mexican Grill, Inc. | 3,200 locations across North America & Europe
Close proximity to Tanglewood Pavilions, Shoppes at Tanglewood, and a Walmart Supercenter
Regional consumer draw to the immediate retail corridor
Explosive population growth within a 1-mile radius | 43.62% from ’10-‘24
Less than 5 minutes from new Sentara Albemarle Medical Center under construction | 88 beds & 60,000 SF
Cap Rate: 5.20 %

Major Tenants

Tenant SF Occupied Lease End Date
Chipotle 2,325 SF 12/31/2039

Amenities

  • Signage
  • Drive Thru

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 27
Type: Surface
Included in Rent: Yes
Carl Brendes 704-714-2363 Berkeley Capital Advisors
Carl Brendes 704-714-2363 Berkeley Capital Advisors